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Denmark Pushes Back as PM Urges Trump to Halt Greenland Annexation Threats

    The Danish flag flutters next to Hans Egede Statue in Nuuk, Greenland   Denmark’s Prime Minister Mette Frederiksen has urged U.S. President Donald Trump to stop making threats about taking over Greenland, responding firmly to renewed comments from Trump about the island’s strategic value. Frederiksen emphasized that the United States has no authority to claim any part of the Danish Kingdom and reiterated that Greenland “is not for sale.” She noted that Greenlanders have repeatedly expressed their desire for self‑determination and that discussions about annexation are inappropriate between close allies. Trump’s remarks, made in a recent interview, revived earlier tensions over his interest in Greenland’s natural resources and military positioning. His comments also raised concerns in Copenhagen about the possibility of unilateral U.S. actions in the Arctic. Greenland’s leadership echoed Denmark’s stance, stressing that the island is a self‑governing democracy and s...
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Canada’s Capital-Gains Tax Hike Faces Crucial Vote

 

In a pivotal moment for Canadian finance, Prime Minister Justin Trudeau’s government is set to call a vote on a contentious tax change. The proposed hike in the capital-gains tax inclusion rate has sparked debate across the nation, with significant implications for both individuals and businesses.

  • Tax Change Proposal: The government plans to increase the capital-gains tax on gains over C$250,000, affecting a small percentage of Canadians.
  • Potential Impact: Business groups have criticized the move, fearing it could deter investment and exacerbate productivity issues.
  • Political Strategy: The Liberals have separated this tax change from the budget bill, possibly aiming to challenge the Conservatives politically.
  • Revenue Expectations: The tax hike is estimated to generate almost C$20 billion over five years, funding new programs in housing and national defense.

The vote, scheduled for Monday, will be a defining moment for Trudeau’s fiscal policy and could set the stage for Canada’s economic direction in the coming years.

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